As countries ease their lockdowns, glove companies and some experts have noted that the widespread administering of a vaccine will actually result in a further spike in glove demand.
SINGAPORE: Northcape Capital Ltd., one of the largest shareholders of this year’s top gainers in Asia -- Top Glove Corp. and Hartalega Holdings Bhd
., says the two stocks have further room to run.
The pandemic has caused a structural change in demand for gloves, so earnings at some makers will double in each of the next two years and drive their stocks to outperform, according to Ross Cameron, a fund manager at Northcape, which overseas about $7 billion in assets globally.
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